A rise in price prompted large speculators to add to their bullish futures and options positions in gold at the Comex division of the New York Mercantile Exchange, as seen in the latest weekly commitments of traders data from the Commodity Futures Trading Commission, released Friday.
Large speculators also increased their net-long positions in silver and platinum; however, the rise came because of short covering, which is the buying back of previously sold positions. The data is as of Jan. 7. Speculators added to their palladium net-longs, but their activity between the legacy and disaggregated reports were mixed in copper………………………………………..Full Article: Source